Envision Energy India, the largest wind turbine manufacturer in India, is investing ₹500 crore in its manufacturing capability to support its robust 10 GW order book.
This will solidify Envision Energy's position as a leader in the wind energy space in India with a 45% market share.
As part of its efforts to expand its capabilities, Envision will construct a second blade manufacturing unit outside Ahmedabad as well as a gearbox unit in Pune.
This is an addition to the company's total of ₹1,000 crore in commitments in India since inception in 2016.
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According to Managing Director RPV Prasad, the company is ready to scale up annual production to 5 GW, backed by the strong demand pipeline. "With an order book exceeding 10 GW-12GW, it is crucial that we produce and deliver products to our customers at a cost-effective scale," said Prasad.
Construction is already underway on the second blade unit, with the current Trichy unit moving from four moulds to six moulds. The nacelle and hub unit, Pune will now operate on a 3 GW to 5 GW basis. Also, the company will produce gearboxes in India based on global practices.
Envision's construction plans alignment with localization plans with the Ministry of New and Renewable Energy's (MNRE) recently announced RLMM requirements which require that key wind components are made in India.
Envision is in line with the questions after a phased approach to be compliant with the RLMM requirements issued by the MNRE, and to enhance their position as the wind turbine market in India continues to grow.
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